MEMPHIS, Tenn. (AP) _ First Horizon National Corp. (FHN) on Thursday reported fourth-quarter profit of $227 million.
The Memphis, Tennessee-based bank said it had earnings of 40 cents per share. Earnings, adjusted for non-recurring costs, were 48 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
The bank holding company posted revenue of $781 million in the period. Its revenue net of interest expense was $745 million, which also beat Street forecasts. Five analysts surveyed by Zacks expected $733.5 million.
For the year, the company reported profit of $999 million, or $1.74 per share. Revenue was reported as $3.07 billion.
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